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General Motors put volume heavy and directionally bearish

Bearish flow noted in General Motors with 28,356 puts trading, or 4x expected. Most active are 10/25 weekly 40 puts and 10/11 weekly 43 puts, with total volume in those strikes near 17,000 contracts. The Put/Call Ratio is 2.50, while ATM IV is up over 1 point on the day. Earnings are expected on October 22nd.

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